The Sumitomo Warehouse (9303) Q2 2027 earnings summary

Executive summary

• H1 FY2027 operating revenue ¥103,522 million, up 7.1% YoY; operating profit ¥6,706 million, up 23.6%; ordinary profit ¥9,012 million, up 17.7%; net income attributable to owners ¥9,433 million, up 36.7%.

• Higher international transportation income supported revenue growth; net income also benefited from a gain on sale of investment securities.

Financial highlights

• Operating gross profit increased to ¥12,194 million from ¥10,776 million; operating costs rose to ¥91,328 million from ¥85,914 million.

• Profit before income taxes was ¥14,418 million versus ¥10,589 million; income taxes totaled ¥4,525 million versus ¥3,260 million.

• Comprehensive income was ¥11,569 million, down from ¥21,561 million, as available-for-sale securities valuation gains were ¥1,046 million versus ¥15,867 million.

Outlook and guidance

• FY2027 forecast unchanged: operating revenue ¥200,000 million, operating profit ¥12,200 million, ordinary profit ¥16,100 million, net income attributable to owners ¥17,200 million, and EPS ¥228.68.

• Forecast operating revenue growth is 1.9% YoY; operating profit growth 6.9%, ordinary profit growth 1.8%, and net income decline 2.6%.

• FY2027 annual dividend forecast remains ¥103 per share, comprising ¥51.50 for each half-year payment.

• H1 results were generally in line with plan; earnings forecasts were maintained at the May 12, 2026 figures.